Here is our analysis on EURUSD. Possible shorts in play.
As we are anticipating the news release today, we can still assume the
DXY will remain bullish. If the News and Data release is positive for the US Dollar, we could see more downside on the pair. With the new H4 just opening and the previous closing strongly bearish, we can assume that EURUSD will continue going down. Our Entry is sitting at 1.03272 with SL (Stop Loss) at 1.03587. If we break above our SL we would most likely reverse and this trade idea would be invalidated. Our TP (Take Profit) is sitting at 1.02642 and if broken + the positive news and data release, we could see the price digging even deeper.
PARAMETERS
- Entry: 1.03272
- SL: 1.03587
- TP: 1.02642
KEY NOTES
- EURUSD is bearish.
- DXY (USD) still remains bullish and holds strength against other pairs.
- Positive news for the US could result in even lower prices on EURUSD.
Happy trading!
FxPocket
As we are anticipating the news release today, we can still assume the
DXY will remain bullish. If the News and Data release is positive for the US Dollar, we could see more downside on the pair. With the new H4 just opening and the previous closing strongly bearish, we can assume that EURUSD will continue going down. Our Entry is sitting at 1.03272 with SL (Stop Loss) at 1.03587. If we break above our SL we would most likely reverse and this trade idea would be invalidated. Our TP (Take Profit) is sitting at 1.02642 and if broken + the positive news and data release, we could see the price digging even deeper.PARAMETERS
- Entry: 1.03272
- SL: 1.03587
- TP: 1.02642
KEY NOTES
- EURUSD is bearish.
- DXY (USD) still remains bullish and holds strength against other pairs.
- Positive news for the US could result in even lower prices on EURUSD.
Happy trading!
FxPocket
Trade closed: target reached
Take Profit has been hit after the NFP data release was positive for the DXY (USD).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join us for free at t.me/fxpocket or visit fxpocket.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.